Oil rose more than $2 Wednesday to close above $56 a barrel 鈥 the highest price in almost six months 鈥 following an Energy Department report that showed a smaller-than-expected increase in stockpiles, Bloomberg reported.
May 6, 2009Search
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Patriot Transportation鈥檚 Fiscal 2Q Income Rises
Tank and bulk carrier Patriot Transportation Holding said Wednesday its fiscal second-quarter net income rose to $1.4 million, or 45 cents a share, from $626,000, or 20 cents, a year ago.
May 6, 2009UPS Boosting Asian Operations Centers
UPS Inc. announced plans Tuesday to boost its global post-sales service options by expanding a field stocking location network in India and enhancing its Asia logistics customer support center in the Philippines.
May 5, 2009ISM Services Index Improves in April
The U.S. economy鈥檚 service sector rate of contraction slowed last month, the Institute for Supply Management said Tuesday.
May 5, 2009Minn.鈥檚 5% Biodiesel Mandate Takes Effect
Minnesota has implemented its requirement mandating that all diesel sold in the state contain at least 5% biodiesel, the Associated Press reported.
May 5, 2009ArvinMeritor Reports Fiscal 2Q Loss
Truck components maker ArvinMeritor said it lost $52 million, or 72 cents per share, in its fiscal second quarter, compared with a profit of $24 million, or 33 cents per share, a year ago.
May 6, 2009Going 鈥楪reen鈥 Can Offer Dealers Financial Benefits, Panelists Say
OXON HILL, Md. 鈥 Truck dealers and their fleet customers who feel forced to concern themselves with government environmental regulations should consider embracing the subject, as 鈥済reen鈥 issues carry increasing weight with the shipping business community and conservation can lead to better profitability, said panelists at a dealer workshop here.
April 28, 2009Construction Spending Increases 0.3%
Construction spending rose in March for the first time in six months, the Commerce Department said Monday.
May 4, 2009Xata Narrows Loss in 2Q
Transportation software firm Xata Corp. said Monday it lost $443,000, or 5 cents per share, in its fiscal second quarter, compared with a loss of $1.3 million, or 17 cents, a year ago.
May 4, 2009Diesel Falls 1.6垄 to $2.185
The national average price of diesel fuel fell for a third consecutive week, dropping 1.6 cents to $2.185, the Department of Energy said.
May 5, 2009